The global Healthcare Personal Protective Equipment (PPE) Market for COVID-19 is projected to showcase remarkable growth in the coming years on account of the widespread cases of the coronavirus pandemic and the rising importance given to personal and surroundings safety. PPE for healthcare includes products such as gloves, face masks, coveralls, face shields, and others. They help us to protect the patient and medical professionals from getting infected. The market size was USD 4.66 billion in 2019 and is expected to reach USD 25.66 billion by the end of 2027. The forecast period is set between 2020 and 2027, and the market will exhibit a CAGR of 11.8%.
What are the Objectives of the Report?
The report is based on qualitative and quantitative analysis of the market and its prime growth trajectories. This includes the growth drivers, restraints, upcoming opportunities, and obstructions. The report also highlights the critical segments of the market and lists out the names of the leading segment with estimated market figures and attributed factors. Furthermore, it provides the names of the leading players and the significant strategies adopted by them to gain dominance in the market. For more information on the report, refer to the company website.
Drivers & Restraints-
Current Outbreak of COVID-19 Pandemic to Propel Growth
The healthcare industry is facing a significant boom on account of the increasing cases of coronavirus. The impact of the COVID-19 pandemic is propelling the use of sanitized products such as gloves, masks, goggles, face shield, and others. This stands as a significant factor promoting the global personal protective equipment market growth. Additionally, the advent of artificial intelligence and cut-edge technologies in the healthcare sector is also adding impetus to the market. Furthermore, the increasing importance of personal hygiene and safety will aid in the expansion of the market in the coming years.
On the negative side, the side effects such as skin rashes, nose bridges, and others as a result of long term use of PPE products such as N95 mask, gloves, and goggles, may challenge the growth of the market. Nevertheless, the increasing efforts by various players and the governments’ support to find out the antidote of coronavirus are likely to create better growth opportunities for the market in the forecast period.
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Some of the Key Players of the Personal Protective Equipment (COVID-19) in Healthcare Market include:
- ANSELL LTD. (Australia)
- Honeywell International Inc. (U.S.)
- Alpha ProTech (U.S.)
- 3M (U.S.)
- DACH Schutzbekleidung GmbH & Co. KG (Germany)
- Supermax Corporation Berhad (Malaysia)
- Semperit AG Holding (Austria)
- Lakeland, Inc (U.S.)
- Cofra S.r.l (U.S.)
- Uvex Group (Germany)
- Mallcom (India) Limited (India)
Players Focusing on Strategic Alliances to Gain Competitive Edge in Market
Most of the players of the global PPE market are engaging in strategic collaborations to maintain their mark in the competition. Currently, players such as Alpha ProTech, Honeywell, 3M, Du Pont, and Ansell are the dominant players with 55% share. This is owing to the geographical presence of these companies and their diverse portfolios.